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USDCHF MACD DIVERGENCE

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#USD/CHF# USDCHF MACD DIVERGENCE

Hello traders!

USDCHF is at support area where we can see it is struggling to break to the downside. Price has formed a nice MACD divergence at that support are from where we can expect a move to the upside. Price is bullish on higher time frames.

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On the monthly timeframe we just formed a bullish engulfing candle at a monthly support level . This shows us that there are more buyers then sellers in the market.

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